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File:Imperfect competition after regulation.svg

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English: Diagram showing a firm in imperfect competition (e.g. a monopoly) - when price regulation forced it to decrease its price from P to Preg. The profit maximising firm therefore chooses to expand output from Q to Qreg. Its economic profit is reduced, but not removed entirely; for the government's point of view, allocative efficiency is achieved. The diagram has been slightly simplified. Technically, the regulation would cause the MR curve to be malformed, but to no particular consequence other than the common sense one of reduced prices. The costs at Q and Qreg are shown as equal merely out of convenience.
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This image is a derivative work of the following images:

  • File:MonopolyPower-GovRegulated.jpg licensed with PD-self
    • 2010-04-11T16:42:21Z Mgmwki 643x557 (61384 Bytes) {{Information |Description="Government Price Control Impact on Monopoly Market" |Source={{own}} |Date=~~~~ |Author= [[User:Mgmwki|Mgmwki]] |Permission=General Microeconomic Theory Established for 100 years |other_versions=Mon
  • File:Perfect_competition_in_the_short_run.svg licensed with Cc-by-sa-3.0
    • 2010-10-15T16:18:39Z Jarry1250 580x400 (2908 Bytes) == int:filedesc == == int:filedesc == Better economics
    • 2010-10-05T20:59:03Z Jarry1250 560x400 (3824 Bytes) == Summary == Economics error fixed.
    • 2010-10-05T20:52:52Z Jarry1250 560x400 (3823 Bytes) == Summary == Try to realign again.
    • 2010-10-05T20:51:10Z Jarry1250 560x400 (3823 Bytes) == Summary == == Summary == Minor fixes
    • 2010-10-05T20:45:52Z Jarry1250 560x400 (3803 Bytes) {{Information |Description={{en|Diagram showing that it is possible that a firm in [[:en:perfect competition|]] makes an [[:en:Economic profit|abnormal profit]], if P > min(ATC). In the [[:en:long run|]], however, only normal

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current21:00, 19 December 2010Thumbnail for version as of 21:00, 19 December 2010580 × 400 (4 KB)Jarry1250 (talk | contribs){{Information |Description={{en|Diagram showing a firm in imperfect competition (e.g. a en:monopoly) - when price regulation forced it to decrease its price from P to P<sub>reg</sub>. The profit maximising firm therefore

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